EcoSynthetix (TSE:ECO) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

EcoSynthetix Inc. (TSE:ECO)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.20 and traded as high as C$4.41. EcoSynthetix shares last traded at C$4.36, with a volume of 9,206 shares changing hands.

EcoSynthetix Trading Down 0.5%

The firm has a market capitalization of C$255.33 million, a P/E ratio of -436.00 and a beta of 0.20. The stock’s 50-day simple moving average is C$4.32 and its two-hundred day simple moving average is C$4.20. The company has a debt-to-equity ratio of 0.84, a current ratio of 14.05 and a quick ratio of 12.67.

EcoSynthetix (TSE:ECO) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.00 EPS for the quarter. EcoSynthetix had a negative net margin of 10.94% and a negative return on equity of 4.35%. The firm had revenue of C$8.12 million for the quarter. Equities research analysts expect that EcoSynthetix Inc. will post 0.18 EPS for the current year.

EcoSynthetix Company Profile

EcoSynthetix Inc is a renewable chemicals company. It is engaged in the development and commercialization of ecologically friendly bio-based technologies as replacement solutions for synthetic, petrochemical-based adhesives and other related products. The company operates in one reportable segment and generates revenue primarily from its biopolymer nanosphere technology platform.